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The Neuroeconomics of Mind Reading and Empathy
Economics and game theory are based on the assumption that people are capable of predicting

others' actions. The most fundamental solution concepts in Game Theory ? Nash equilibrium,

backward induction, and iterated elimination of dominated strategies ? are based on this

assumption. These concepts require people to be able to view the game from the other players?

perspectives, i.e. to understand others? motives and beliefs. Economists still know little about

what enables people to put themselves into others? shoes and how this ability interacts with their

own preferences and beliefs.....
Autor
Prof. Dr. Ernst Fehr
Tania Singer
 
Working PaperFachbereichFachrichtung
2005VolkswirtschaftslehreEmpirische Wirtschaftsforschung
 
Schlagwörter
Empathy, Mind Reading, Neuroeconomics